Glow Energy PCL (BKK:GLOW-R) ROCE % : 11.24% (As of Sep. 2019)

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What is Glow Energy PCL ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Glow Energy PCL's annualized ROCE % for the quarter that ended in Sep. 2019 was 11.24%.

Glow Energy PCL ROCE % Historical Data

The historical data trend for Glow Energy PCL's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Glow Energy PCL ROCE % Chart

Glow Energy PCL Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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14.96

14.00

14.03

15.00

14.21

Glow Energy PCL Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															14.60	13.55	12.27	13.90	11.24

Glow Energy PCL ROCE % Calculation

Glow Energy PCL's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	13018.306	/	( ( (106030.891 - 14421.715)	+	(104428.06 - 12851.268) )	/ 2 )
	=	13018.306	/	( (91609.176	+	91576.792)	/ 2 )
	=	13018.306	/	91592.984
	=	14.21 %

Glow Energy PCL's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	11024.052	/	( ( (106627.565 - 9789.69)	+	(107622.248 - 8370.318) )	/ 2 )
	=	11024.052	/	( ( 96837.875	+	99251.93 )	/ 2 )
	=	11024.052	/	98044.9025
	=	11.24 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Glow Energy PCL (BKK:GLOW-R) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Glow Energy PCL ROCE % Related Terms

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Glow Energy PCL (BKK:GLOW-R) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Glow Energy PCL (BKK:GLOW-R) » Definitions » ROCE %

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Address

No. 1 South Sathorn Road, 38th Floor, 1 Empire Tower - Park Wing, Yannawa, Sathorn, Bangkok, THA, 10120

Website

http://www.glow.co.th

Glow Energy PCL is a power producing and utilities company based in Thailand. The core business is electricity generation for the Electricity Generating Authority of Thailand (EGAT) and Electricite du Laos (EDL). The company also generates and delivers electricity, steam, and processed water to industrial customers. The firm derives the majority of its revenue from electricity products and services. Glow is divided into Independent Power Producer, Cogeneration, and Renewable energy business lines. The firm operates its own production facilities. They are located in the Chonburi and Rayong provinces of Thailand and the Attapeu province of Laos.

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